Ritholtz Wealth Management Decreases Stake in SS&C Technologies Holdings, Inc. $SSNC

Ritholtz Wealth Management lessened its holdings in shares of SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 70.6% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 6,079 shares of the technology company’s stock after selling 14,626 shares during the quarter. Ritholtz Wealth Management’s holdings in SS&C Technologies were worth $411,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BTC Capital Management Inc. lifted its holdings in shares of SS&C Technologies by 19.6% during the 1st quarter. BTC Capital Management Inc. now owns 74,198 shares of the technology company’s stock valued at $5,014,000 after acquiring an additional 12,143 shares in the last quarter. Blue Trust Inc. increased its holdings in SS&C Technologies by 61.7% in the 1st quarter. Blue Trust Inc. now owns 1,405 shares of the technology company’s stock valued at $95,000 after purchasing an additional 536 shares in the last quarter. OP Asset Management Ltd purchased a new position in SS&C Technologies in the first quarter valued at about $1,569,000. Assenagon Asset Management S.A. lifted its stake in shares of SS&C Technologies by 286.0% during the first quarter. Assenagon Asset Management S.A. now owns 179,104 shares of the technology company’s stock worth $12,102,000 after purchasing an additional 132,707 shares in the last quarter. Finally, SG Americas Securities LLC lifted its stake in shares of SS&C Technologies by 244.3% during the first quarter. SG Americas Securities LLC now owns 145,503 shares of the technology company’s stock worth $9,832,000 after purchasing an additional 103,242 shares in the last quarter. 96.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Jefferies Financial Group dropped their target price on SS&C Technologies from $105.00 to $92.00 and set a “buy” rating on the stock in a report on Tuesday, April 21st. Weiss Ratings downgraded shares of SS&C Technologies from a “hold (c+)” rating to a “hold (c)” rating in a research report on Friday, May 8th. DA Davidson reiterated a “buy” rating and set a $96.00 price objective on shares of SS&C Technologies in a research note on Monday, April 27th. Needham & Company LLC reduced their target price on shares of SS&C Technologies from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, April 24th. Finally, Wall Street Zen upgraded shares of SS&C Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, May 16th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $96.12.

Insider Activity

In related news, Director Michael Jay Zamkow sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $66.68, for a total transaction of $200,040.00. Following the sale, the director directly owned 18,404 shares of the company’s stock, valued at approximately $1,227,178.72. This represents a 14.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jonathan E. Michael sold 2,740 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $66.86, for a total value of $183,196.40. Following the transaction, the director owned 79,384 shares in the company, valued at $5,307,614.24. This trade represents a 3.34% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 8,740 shares of company stock worth $583,576 in the last ninety days. Corporate insiders own 16.00% of the company’s stock.

SS&C Technologies Stock Performance

SS&C Technologies stock opened at $63.91 on Thursday. SS&C Technologies Holdings, Inc. has a 52 week low of $61.40 and a 52 week high of $91.07. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 1.06. The stock has a market cap of $15.39 billion, a P/E ratio of 19.79 and a beta of 1.11. The stock has a 50 day moving average of $67.20 and a 200-day moving average of $73.95.

SS&C Technologies (NASDAQ:SSNC) last posted its quarterly earnings results on Thursday, April 23rd. The technology company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.65 by $0.04. The firm had revenue of $1.65 billion for the quarter, compared to analysts’ expectations of $1.63 billion. SS&C Technologies had a net margin of 12.65% and a return on equity of 20.15%. The firm’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.44 earnings per share. SS&C Technologies has set its Q2 2026 guidance at 1.640-1.700 EPS. On average, analysts expect that SS&C Technologies Holdings, Inc. will post 6.17 EPS for the current fiscal year.

SS&C Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.08 annualized dividend and a dividend yield of 1.7%. SS&C Technologies’s dividend payout ratio (DPR) is presently 33.44%.

SS&C Technologies Profile

SS&C Technologies is a global provider of software and services for the financial services industry, offering technology and outsourcing solutions that support investment managers, asset servicing firms, insurance companies, private equity and real estate managers, hedge funds, wealth managers and other financial institutions. The company’s offerings span front-, middle- and back-office functionality, enabling clients to automate trading, portfolio accounting, reconciliation, performance measurement, risk and compliance, and client reporting.

SS&C delivers its capabilities through a mix of licensed software, cloud-based SaaS platforms and managed services.